Curis receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period

CURIS INC

On Oct 21, 2022, Nasdaq notified Curis its common stock bid price closed below $1.00 for 30 consecutive business days, violating Listing Rule 5450(a)(1).
Curis has 180 calendar days, until April 19, 2023, to regain compliance by closing at $1.00 or more for at least 10 consecutive business days.
If not compliant by April 19, 2023, Curis may transfer to Nasdaq Capital Market for an additional 180-day period, subject to meeting other listing standards.
Failure to regain compliance or qualify for an extension could result in delisting; Curis may appeal to a Nasdaq Listing Qualifications Panel.
The company intends to monitor its stock price and may consider available options to regain compliance.

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